The rent prices in real estate in Cleveland, in the Ohio region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Cleveland has risen strongly during the last 6 months. In June, the average price per sq.feet was $1.19. In July this price barely changed remaining at $1.23 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.21 to $1.17 per sq.feet. The price per sq.feet has had a considerable rise of 1298 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.19 to $15.44 during October, and November.
When referring to the price in Cleveland (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $1,093. In July This price remains at $1,078. In the following two months the average price has hardly changed with regard to the previous two months from $1,085.5 to $1,043. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,064.25 and $1,077.5 between October and November.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,166 they are 4 % more affordable than the average price for Cleveland . The properties with the highest average price have 2 bedrooms, Their price is 4 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,172.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.73 / sq.feet, with an average $29.75 / sq.feet price in Cleveland. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $24.34 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,166 it is 4 % more affordable than the average price in Cleveland. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,239 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.91 / sq.feet followed by "Apartment" priced at $24.12 / sq.feet. "Condo" is the most expensive type of property with a $78.06 / sq.feet value followed by "Apartment" with an average price of $24.12 / sq.feet.